Lebanese Officials Upbeat Despite Warnings

As the spillover from Syria’s ongoing civil war continues, Moody’s Investors Service has put Lebanon’s sovereign bond rating on negative watch, whilst for now maintaining the B1 rating.

The ratings agency explained that in addition to the war in Syria, the downgrading in outlook reflects Lebanon’s already high debt burden in 2013 and 2014, political instability and limited economic growth. Moody’s added that the prolonged civil war in Syria has adversely affected investment, trade and tourism in Lebanon. (CONTINUED - 794 WORDS)